NETSOL TECHNOLOGIES INC — Proxy Solicitation & Information Statement 2009

Apr 24, 2009

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

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NetSol Technologies, Inc.

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April 24, 2009

Dear Fellow Shareholder,

The upcoming annual meeting of NetSol Technologies, Inc., scheduled to be held on April 24, 2009 was adjourned because, as of the meeting, NetSol Technologies Inc. has not received votes sufficient to constitute a quorum of the total issued and outstanding shares. Therefore, we are extending the voting time and adjourning the meeting until May 18, 2009. The record date for shares eligible to vote remains unchanged by this adjournment.

Your vote is extremely important, regardless of the number of shares of NetSol Technologies, Inc. common stock that you own. We ask that you please vote. There are only two initiatives to vote upon.

1. To consider and vote on the election of directors, each to hold office for a term of one year ending in 2010 or when their successors are elected; and

2. To consider and vote upon the ratification of the appointment of Kabani & Company as the Company’s independent auditors for the fiscal year 2009;

Your Boards of Directors have unanimously recommend that you vote “FOR” the nominees for Directors, and “FOR” the ratification of the appointment of the accounting firm, “

Kind Regards,

/s/ Najeeb Ghauri

Najeeb Ghauri

Chief Executive Officer

NetSol Technologies, Inc.